BOJ’s Ueda says the weak yen has positives and negatives

More again from Bank of Japan Governor Ueda, this time on the JPY:

  • Cannot say decisively that weak yen is negative for Japan’s economy
  • Weak yen pushes up
    domestic inflation via rise in import costs
  • Weak yen is positive
    for exports, profits of globally operating Japanese firms
  • Won’t comment on FX levels

Ueda has been very vociferous today:

This article was written by Eamonn Sheridan at Source